BetaShares Legg (Australia) Performance
| RINC Etf | 87.29 78.16 856.08% |
The etf shows a Beta (market volatility) of -6.59, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning BetaShares Legg are expected to decrease by larger amounts. On the other hand, during market turmoil, BetaShares Legg is expected to outperform it.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in BetaShares Legg Mason are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain basic indicators, BetaShares Legg unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | How to Take Advantage of moves in - Stock Traders Daily | 11/18/2024 |
BetaShares |
BetaShares Legg Relative Risk vs. Return Landscape
If you would invest 873.00 in BetaShares Legg Mason on September 5, 2024 and sell it today you would earn a total of 7,856 from holding BetaShares Legg Mason or generate 899.89% return on investment over 90 days. BetaShares Legg Mason is generating 13.2412% of daily returns and assumes 106.1764% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than BetaShares on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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BetaShares Legg Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetaShares Legg's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as BetaShares Legg Mason, and traders can use it to determine the average amount a BetaShares Legg's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1247
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Estimated Market Risk
| 106.18 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average BetaShares Legg is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of BetaShares Legg by adding it to a well-diversified portfolio.
About BetaShares Legg Performance
Assessing BetaShares Legg's fundamental ratios provides investors with valuable insights into BetaShares Legg's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the BetaShares Legg is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
BetaShares Legg is entity of Australia. It is traded as Etf on AU exchange.| BetaShares Legg is way too risky over 90 days horizon | |
| BetaShares Legg appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: How to Take Advantage of moves in - Stock Traders Daily |
Other Information on Investing in BetaShares Etf
BetaShares Legg financial ratios help investors to determine whether BetaShares Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BetaShares with respect to the benefits of owning BetaShares Legg security.